Market Insights Consumer Beauty & Personal Care

Skin Care - North America

North America

In 2024, the revenue in the Skin Care market in North America is estimated to reach a staggering €26.60bn.
This market segment is projected to experience an annual growth rate of 2.83% (CAGR 2024-2029).
When comparing the global market, it is worth noting that in the United States leads the way in terms of revenue generation, with an impressive €22,580m expected in 2024.
Taking into account the total population figures, the per person revenue in North America's Skin Care market is estimated to be €52.12 in 2024.
Furthermore, by 2024, approximately [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
The North American skin care market is experiencing a surge in demand for organic and natural products.

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.